Key highlights from Tata Consultancy Services (TCS) Q3 FY22 Earnings Concall
TCS expects to increase its investments in its digital core offerings, technology and operations, with cloud continuing to be the big growth driver.
The company mentioned that on a LTM basis, the company’s attrition in IT services was at 15.3% in Q3. It also said that TCS is increasing its fresher hiring to meet the unprecedented volumes of hiring going forward.
On the attrition scenario, Sandip Agarwal of Edelweiss asked when the company expects it to be at pre-COVID levels. Milind Lakkad, EVP HR said the company expects attrition to be more flattening off of current levels and eventually slowly coming down going forward.
Diviya Nagarajan of UBS questioned about the pricing environment. CFO Samir Seksaria said that the company is seeing a slight uptick in pricing in the current quarter. But overall, TCS is expecting a rising pricing environment.
Sandeep Shah of Equirus Securities enquired about the demand as a whole for the industry. COO N. Ganapathy commented that for the foreseeable future, TCS believes that the demand environment will continue to be there as the industry is seeing accelerated hiring.
Gaurav Rateria with Morgan Stanley asked about realization at the portfolio level. CEO Rajesh Gopinathan says there is no lag to realization as its impact is the net impact after everything has happened. But overall pricing trend should show an upward trend and that should show in future realizations.
Manik Taneja of JM Financial asked the scenario of higher subcontracting charges due to employee attrition. CFO Samir said that the company’s subcontractor expenses are currently at 9% and expects this to continue till the churn remains at an elevated level.
Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah
Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?
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